Alpina B5 supercharged at Turners

[nzodea 25]

yum

https://www.turners.co.nz/Cars/Used-Cars-for-Sale/bmw/alpina/19196494

 

Edited August 25, 2020 by nzodea

[LemonHunter 583]

Looks like they value it at about  ~$25k

[M3AN 4016]

OCR is 0.25% and they're charging 11.5% ?

[Willy Sea 46]

Yes, look at the risk as a lender. As stated,  could be negotiated down, dependent on your financial circs. or cheaper from your bank if you needed to borrow.

Edited August 25, 2020 by Willy Sea

[integrale 40]

What would be fair value for it?

[LemonHunter 583]

I'd say to get interest that "low" you'd need a pretty sharp credit score and income

[balancerider 758]

7 hours ago, nzodea said:

yum

https://www.turners.co.nz/Cars/Used-Cars-for-Sale/bmw/alpina/19196494

 

This someone on here's old car? @Secniv?

[KwS 2425]

Inside and out, thats is a stunning car. Wish i had that sort of money.

[TermiPeteNZ 1318]

This was from Hamilton and was listed for $36k on TradeMe last month.

[Secniv 182]

On 8/26/2020 at 3:54 PM, balancerider said:

This someone on here's old car? @Secniv?

Yes I traded it to chch. Someone will get a bargain.

[Secniv 182]

On 8/26/2020 at 9:21 PM, KwS said:

Inside and out, thats is a stunning car. Wish i had that sort of money.

I couldn’t think of a better enthusiast to own it. I struggled selling it and still have regrets but my new mistress is helping me overcome my doubts?

[Bandit 194]

I'm struggling with the lack of love displayed by the Kiwi BMW driver / motorist for the Alpina brand. Can see a lot in this car not present in the equivalent letter car, faster, 0-60mph, tops out at 195 MPH, better braking and handling. Coachbuilt, hand assembled engine sure, not 6 speed manual trans, and I get the luxo barge thing too. Comes down to price, heaps of car for not much money (by comparison)

Edited September 4, 2020 by Bandit

[Eagle 1662]

I'm sure most of the ones i've seen on the market costing a chunk more than the equivalent BMW has something to do with it. Reserve seems quite reasonable but that interior isnt for everyone.

[Olaf 3319]

On 8/26/2020 at 10:02 AM, M3AN said:

OCR is 0.25% and they're charging 11.5% ?

fair enough, they're lending to people who need to use a rapidly-depreciating mobile 'asset' as security.  There's plenty of downside to the risk, so the margin is the upside.  

Just look at the credit card interest rates... they're still close to 1980's levels!  All the more reason to never pay credit card interest.

[balancerider 758]

@Olaf Still, thought they wanted us to spend money? or maybe it's just a big bank bailout in disguise...?

[Olaf 3319]

@balancerider Matt who is 'they'?  The Government perhaps? (genuine question).

At any rate, if you've $25k in the bank and want the car, why not?  Money's not earning anything in the bank currently, with interest so low.  If you have property to borrow against, how cheap can credit be?  Holy crap, 3%.  One's equity ratio is something to be cautious of in these times, before upping borrowing on frivolous purchases, though. In case things go well south.

And neatly looping back to the govt of the day.  I guess the way to encourage spending again is to create economic recovery through planning and implementing policy to people feel comfortable and secure in a recovering or thriving environment.

Bailouts.  Hmmm, yes.

[balancerider 758]

10 minutes ago, Olaf said:

@balancerider Matt who is 'they'?

Adrian Orr et al @ the Reserve Bank was who I was thinking of.

It's a cool car anyway - would love the touring version (maybe <10 exist in RHD)

[Blackie 510]

https://www.trademe.co.nz/2797023045

[KwS 2425]

12 minutes ago, Blackie said:

https://www.trademe.co.nz/2797023045

What average as f**k photos. Even turners did a better job at showing how stunning the car looks.